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The #UK government is set to introduce legislation in #2025 to regulate ESG ratings providers, as announced by Chancellor of the Exchequer Rachel Reeves. This move aims to increase transparency and position the UK as a leader in sustainable finance. The new law will bring ESG ratings providers under the supervision of the Financial Conduct Authority (FCA), addressing growing concerns over the lack of regulation in this rapidly expanding field. This initiative follows a call by International Organization of Securities Commissions - IOSCO in 2021 for improved transparency and regulatory oversight of ESG ratings, which has led several jurisdictions, including the EU, to take similar actions. The UK’s upcoming legislation builds on these efforts, reinforcing the country’s commitment to enhancing the reliability and comparability of ESG ratings. Read more: https://lnkd.in/eTrMPp5v #ESGRegulation #SustainableFinance #FinanceLeadership #Spectreco

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